The common currency fell against the Pound after Bank of England revealed that all nine committee members voted to keep interest rates at 0.5%. The Euro fell 0.6% to 0.6990 against the Pound by 10:50 AM GMT. Moreover, traders on Thursday will pay close attention to June retail sales in UK, which should see an improvement from May's figure.
Stock indexes in America are set to open lower on Wednesday, after Apple and Microsoft corporations posted disappointing Q2 results for investors. The S&P 500 futures were down 0.4% to 2,106 points, the futures of Dow Jones Industrial Average traded 0.4% to 17,789 points, while the tech-heavy Nasdaq 100 Index fell 1.1% to 4,615.5 points by 10:20 AM GMT. Microsoft
The yellow metal was lower for the tenth straight day on Wednesday, as the Dollar continued to appreciate and its strength has impact on Dollar-denominated commodities. The gold futures traded 1% lower to $1,092.9 an ounce by 8:50 AM GMT. The possibility of a rate hike by the Fed later in the year is pushing the Greenback higher. In addition,
The Pound advanced against the Greenback on Wednesday, as traders in the UK await the Bank of England's meeting minutes release. The pair soared 0.35% to 1.5611 by 8:30 AM GMT, but was trading at 1.5624 shortly after the European stock markets opened. In addition, on Tuesday it was released that the UK government's net borrowing in June decreased to
Standard and Poor's rating agency upgraded Greece's credit rating from CCC- to CCC+, on a positive outlook that Greece will not default on its commercial debt in the following six to twelve months. The decision came after Greece paid its last two missed payments to the IMF and paid back 4.2 billion euros to the ECB on Monday using a
Crude oil prices fell on Wednesday, amid oversupply, declining global demand, stronger Dollar, and upcoming US crude stockpiles data. New York-traded Crude for September delivery fell 1.2% to $50.25 a barrel, while the London-traded Brent Crude lost 0.8% to $56.59 by 7:10 AM GMT. Commodity investors are expecting that the US crude inventories decreased by 1.7 million barrels last week.
El Nasdaq composite registró este lunes otro máximo histórico, cerrando en 5.218,86, es decir que el índice se expandió 8,72 unidades, obteniendo un 0,17%. De sus componentes, Exelixis Inc fue el más beneficiado al expandirse un 50,38%. Finalmente en cuanto al DJ 30, el índice subió un 0,08%, despidiéndose en los 18.100,41.
Stock markets across the Asia-Pacific regions rose on Friday, as concerns over Greece and China lessened. The Shanghai Composite Index soared 3.5% to 3,957 points, the Hong Kong's Hang Seng rose 1% to 25,415 points, while the Nikkei 225 Index gained more modest 0.2% to 20,651 points. Meanwhile, FTSE Straits Times Index added 0.4% to 3,353 points by 8:30 AM
The common currency continued to decline against its UK counterpart, to pair's lowest level since November 2007. The Euro traded 0.26% lower to 0.6952 against the Pound by 7:55 AM GMT, as the gap for monetary policies between the UK and the Euro zone widens. Marc Carney hinted a possible rate hike by end of the year, while Mario Draghi
Oil futures were flat on Friday, ahead of the weekend with concerns remaining on the oil oversupply. The New York-traded NYMEX declined 0.02% to $50.91 a barrel, while the London-traded Brent Crude traded 0.2% higher to $57.03 a barrel by 6:40 AM GMT. Last week, the US crude stockpiles decreased by 4.346 million barrels to 461.4 million barrels, while the
Equity markets closed the trading session higher on Thursday, as more than 100 stocks resumed trading on the China stock markets. The Shanghai Composite Index rose 0.5% to 3,823 points, while the smaller Shenzhen Composite jumped 1.3% to 2,086 points. Elsewhere in the region, the Nikkei 225 added 0.7% to 20,600 points, the Sensex Index soared 0.9% to 28,454 points
US stock futures rose on Thursday, after Greek parliament voted for austerity measures to obtain financial aid and thus the investor fears of Greece's exit from the Euro zone lessened. The Dow Jones Industrial Average edged 0.3% higher to 18,048 points, the S&P 500 futures Index added 0.3% to 2,111 points, while the NASDAQ 100 added 4,556 points by 10:00
The common currency fell against the Pound to seven and a half year low on Thursday, as the gap between fiscal policies in the UK and in the Euro zone widened. The Euro traded 0.34% lower to 0.6978 against the Pound by 9:35 AM GMT, which is the lowest level since November 2007. Investors are awaiting Mario Draghi's speech later
Stock markets across Europe rose on Thursday, after Greek parliament approved austerity measures in order to obtain financial aid. The Stoxx 600 gained 1.2% to 405 points, the DAX 30 jumped 1.4% to 11,706 points, while the France's CAC 40 rose 1.4% to 5,120 points. Meanwhile, Spain's IBEX 35 soared 1.4% to 11,491 points and the FTSE 100 posted more
Share market in Europe did not show major changes after 5-day highs, before the Greek parliament meeting concerning the package of auxiliary reforms. The futures of the Euro Stoxx 50 Index added 0.1% to trade at 3,607 level, while gains in energy stocks spurred the Stoxx Europe 600 Index higher on Tuesday, the most since 2011. The hopes of Greece
Oil futures declined on Wednesday, as investors await the US crude stockpiles data release later in the day. New York-traded Crude for August delivery fell 0.8% to $52.61 a barrel, while the London-traded Brent Crude lost 0.9% to $58.14 a barrel by 10:40 AM GMT. Market expects that the Crude stockpiles decreased by 2 million barrels, compared with the last
The Dollar rose against the Yen on Wednesday, as traders patiently awaited Janet Yellen's comments on monetary policy and hints over the timeline for the Fed's rate hike. The Greenback advanced 0.2% to 123.6 against the Japanese counterpart by 10:15 AM GMT. The pair has been volatile over the past month, since the US economy data has reported mixed signals
Stock markets across Europe edged higher on Wednesday, after being down early in the trading session, as the deadline nears for the Greek lawmakers to accept austerity measures. The Stoxx 600 rose 0.2% to 399 points, the DAX 30 edged 0.01% to 11,524 points, while the IBEX 35 added 0.3% to 11,291 points. Meanwhile, CAC 40 and FTSE 100 was
The central bank has been betting on a strong flow of new inhabitants to spur the economy, since Australia's mining boom calms down. Nevertheless, the country's unemployment benefits level exceeded the US rate, while the population is expected to show the slowest growth in nine years, reaching the 1.3% this year. Moreover, consumer confidence decreased 3.2% in July.
The Pound rose against the Greenback ahead of the UK jobs figure data release at 9:30 AM GMT. The British Pounds traded 0.16% higher to 1.5659 against the Dollar by 7:30 AM GMT, as jobless claims in June is forecasted to have decreased by 9,000, compared with 6,500 in May. Meanwhile, Tuesday's hawkish comments by the Bank of England suggested
GDP of the world's second largest economy grew at 7% in Q2 of 2015, therefore beating economist growth estimate of 6.8%. During the second quarter the growth slowed of almost every sector besides the financial sector. However, despite the positive data release the Shanghai Composite Index fell 3.2% to 3,799 points by 7:15 AM GMT, as investors and economists are
The Aussie posted a slight increase after hitting a six-year low, since the Chinese economy growth in the second quarter exceeding economists' expectations. According to the National Bureau of Statistics, China's GDP advanced 7% in the second quarter compared to the previous year. Therefore, the Australian Dollar added 0.2% to trade at 74.68 US cents after slipping to 73.72 cents
United Kingdom's consumer price inflation slowed in June, therefore giving the Bank of England time to continue its relaxed monetary policy. Britain's inflation slowed to 0.0% from 0.1% in May due to declining prices for food and clothing. Meanwhile, air fair prices increased at a slower pace when compared with June of 2014. In August the Bank of England will
The Australian Dollar rose against the US Dollar after domestic business confidence figure posted better-than-expected results. The Business Confidence Index in June jumped to 10 from revised 8 in May, while the Business Conditions Index rose to 11 from the May's figure of 6. The Aussie added 0.3% to 0.7426 against the Greenback by 8:40 AM GMT, the gains were